GoPro (NASDAQ:GPRO) Rating Increased to Hold at StockNews.com

StockNews.com upgraded shares of GoPro (NASDAQ:GPRO) from a sell rating to a hold rating in a report released on Monday morning.

Separately, Wedbush reissued a “neutral” rating and issued a $1.50 price objective on shares of GoPro in a research note on Friday, January 31st.

GoPro Price Performance

NASDAQ:GPRO opened at $0.81 on Monday. The business’s 50-day moving average is $0.87 and its 200 day moving average is $1.12. GoPro has a 12 month low of $0.64 and a 12 month high of $2.38. The company has a market capitalization of $125.59 million, a P/E ratio of -0.29 and a beta of 1.62. The company has a current ratio of 1.32, a quick ratio of 0.87 and a debt-to-equity ratio of 0.51.

GoPro (NASDAQ:GPRO) last issued its quarterly earnings data on Thursday, February 6th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.12). GoPro had a negative return on equity of 55.77% and a negative net margin of 53.94%. On average, equities research analysts forecast that GoPro will post -0.25 earnings per share for the current fiscal year.

Hedge Funds Weigh In On GoPro

A number of institutional investors and hedge funds have recently modified their holdings of GPRO. Public Employees Retirement System of Ohio purchased a new stake in GoPro during the 4th quarter valued at $191,000. Squarepoint Ops LLC purchased a new stake in shares of GoPro in the fourth quarter valued at $42,000. Two Sigma Investments LP lifted its holdings in shares of GoPro by 4.2% in the 4th quarter. Two Sigma Investments LP now owns 1,510,166 shares of the company’s stock worth $1,646,000 after acquiring an additional 61,484 shares during the last quarter. Graham Capital Management L.P. lifted its holdings in shares of GoPro by 566.8% in the 4th quarter. Graham Capital Management L.P. now owns 72,253 shares of the company’s stock worth $79,000 after acquiring an additional 61,418 shares during the last quarter. Finally, Bridgeway Capital Management LLC boosted its stake in shares of GoPro by 110.8% during the 4th quarter. Bridgeway Capital Management LLC now owns 721,900 shares of the company’s stock worth $787,000 after purchasing an additional 379,500 shares during the period. Hedge funds and other institutional investors own 70.09% of the company’s stock.

GoPro Company Profile

GoPro, Inc develops and sells cameras, mountable and wearable accessories, and subscription services and software in the Americas, Europe, the Middle East, Africa, the Asia and Pacific region, and internationally. The company provides cloud connected HERO12 Black, HERO11 Black, HERO11 Black Mini, HERO10 Black, HERO10 Black Bones, and HERO9 Black waterproof cameras; MAX, a 360-degree waterproof camera; Premium and Premium+ subscription services, which include full access to the Quik app, cloud storage supporting source video and photo quality, camera replacement, and damage protection; Quik subscription that offers access to editing tools, which allows users to edit photos, videos, and create cinematic stories; and Quik desktop and mobile apps that enable users to get their favorite photos and videos with footage from any phone or camera.